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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: High-Tech East who wrote (74046)	4/3/2001 7:26:58 PM
From: Haim R. Branisteanu	Respond to of 99985

I may subscribe to the notion that we sail lower until May, but then again the issue that the FED needs a new set of data to decide FED monetary policy may be a signal for bigger interest cuts. If I remember correctly in 92/93 after the S&L debacle FED funds were around 3% and AG was still grilled by Congress. So there is a long way from 5% to 3%. FED intervention is more psychological and that is what the stock market is all about. The real interest rates are as the 3 month, 6 month, 1 year 2 years are trading below FED funds. bloomberg.com Therefore lowering rates by 1/2 % means nothing in real terms. The ones that will benifit from lower FED funds are those over their head in Credit Card Debt. BWDIK Haim